EU Carbon Tax 2026 Explained | How It Will Hit Indian Steel & Exports
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EU Carbon Tax 2026 Explained | How It Will Hit Indian Steel & Exports
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THE DEADLINE IS HERE. On January 1, 2026, the global trade landscape changed forever. The European Union’s Carbon Border Adjustment Mechanism (CBAM) has officially moved from reporting to the payment phase. For the first time in history, Indian industries from giants like Tata Steel to MSMEs in Ludhiana, must pay a "Carbon Tax" for the air they pollute.In this deep-dive investigation, we go beyond the headlines to reveal the dark history of Carbon Markets. Why did the 1997 Kyoto Protocol fail? How did a tiny gas called HFC-23 create a 11,000x profit jackpot for companies while destroying the planet? We uncover the "Soviet Hot Air" scandal and how billionaire corporations used "Ghost Forests" to launder their reputations.Most importantly, we decode India’s strategic counter-move: the CCTS (Carbon Credit Trading Scheme). Will India’s "Chanakya Niti" be enough to stop billions of dollars from leaking to Brussels?